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The New Zealand Airports Association has welcomed the Government’s decision to provide Regional Infrastructure Fund loans to Sounds Air and Air Chathams.
The funding comes from the $30 million regional connectivity package aimed at supporting New Zealand’s regional aviation network.
Support for regional links
New Zealand Airports Association chief executive Billie Moore says the loans are an important investment in operators that underpin regional economies.
“This is an essential and worthwhile investment in businesses that serve as the heartbeat of New Zealand’s regional economies.
“For Sounds Air and Air Chathams, these loans provide greater confidence to maintain fleets and shore up operations. We hope it will in turn provide more certainty to the airports and communities that depend on these airlines for vital social and economic links.”
Rising costs remain challenge
Billie says operating conditions have changed significantly since the scheme was first proposed, particularly around fuel costs.
“While we celebrate this progress, the operating environment has shifted dramatically since we first proposed this scheme.
“With jet fuel bills doubling and continuing to surge, these loans must now work much harder to achieve their original purpose.”
She says the package is an important first step but further measures may be needed.
“This funding is a critical stabiliser, but it will need to be the first step in further policy interventions.”
Ministers acknowledged
The association also acknowledged Regional Development Minister Shane Jones, Associate Transport Minister James Meager and Regional Development Associate Minister Mark Patterson for their involvement in the package.
